The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-09-18

S Sa4sss.s g. ssSo e & sos a.
whether Te'h psSss aaSSs Il se' SGsss
the sop ms9haos
ssreSry intends 70 m fsepe thsir anaetv
%he s 6SS b dSae x e oer 2 purchase
tion can afford TO withhold this money from
DS %SSc, e H ss s s pSss%ps time ne
last Congress. the duty Of Secretary Fairchild
Toye ho% Ike op 70 large
block OF Government bonds would relieve the
business community instantly"
THE GOVERNMENT SHOULD BE MORE LIBERAL.
s Nj hsIs n B The Of EaSssd d s%s ssSs
1ssrs ss g Ss
They ny oSs S Mssn
& ss ss DS Az. Ss sScss ssy .S
go ssst Of 'he eaRS n &c sasa
y have ZEN enough bonds ofisrsd him to onset the
Tss s
merchants have to. contend not only with tho
Treasury absorption"
BUY MORE BONDS.
One Of the firm OF J. ]. Seligman said There
ts not as much money as there should be. The
to Wall street men at 8 per cent; on call. The
banks can call It At any time and that is much
nssE tAH Fs sas Besn S 81
RUnsy tie fpeasury
This xosid stop the absorption Of The vast
an opportunity to bridge oyer until Co1gress
pSssS Ssd SssEs.,i p tAs sfEi S..rs., o.
money, for business purposes. which e asgfa:
trust Companies. Thess institutions are IN
able f the Sc ssdss ns.
q funds b. the sSn II Hn as is
strinssno y win sontinus. The iirst practical
sSssS svoF si y sP'
eRid Hha. p smoa sn Itself sotE,ns but
eminent will disburse money In some way. II,
IN It's Judgment. the people and the business IN
ss hrsSusSh t. 81 So
gould be bought at I, adysntageo9s prices; The hs
4ks. He could buy the AZ, or the currency 6s,
buy anything that would get the money out OF
Hhe sSs to relieve
Wall street Is . fallaoy. for Wall street can get
money when the mercantile community can't"
MORN REASONS FOR THE MONEY sTRNaENo1.
Mr., Frederick P. olcott. President ot the Gen
mate business uses Is ysry scarce. This 6as
been brought about BY the increase IN railroad a
hnafnaaa
goal and iron proPe5ties, psrtjsaiariy IN ths
money. It must either come BY importing gold
or it must come out Of the United States Treas
g. and we
81 sssS ?Ss Willis ' shss s s4s $50 q
buy the As he would have many offered
70 him; Another way. not exactly lsgaliz ,,'i
the
issue Of its bonds. For instance, large corpo-
are *
Il The aoSsrn@ent Would lend at 5 per cent, on
he sns
cst on It's surplus. This might not be q good
polio, except IN an emergency such as now ex-
essary at the moment"
REDUCE THE TARIFF AND BUY BONDS.
Mr. JasoS D. Of the MGR,
taken great deal from us. Another cause for
s GSeaeo oAs and Louis
cities, the banks IN those citles now keep their
Is He 50 rss sS into
ii: isySF IsdSstiSH Of III tariff: Score;
~ per- cent bonds oersa him. know , hat
many who hold these bonds to escape taxation
Gove nDn bonds IL December IN order to to
SSssSs! IL $ssEetaE, shesIa bss T. III
possibly thinks that By holding Oh he can get
them 81 he bought sh dthes day lay
msEket Tor money fer Legitimate purposes" NJ
tional Bank Of New York, said: "There Is H
larger demand for ready money from ali parts
Rs sst sHH sanRy
Sss6as Rssf RsesasH s.s e, ths
In fact. ii e in That Quarter that the pinch i
the market, Tor commercial paper. The local
banks are discounting rs literally as they can
Of late are NO longer 81. supplying funds IN tho
Justly blamed that they cannot now, with wan
Ing RESOURCES, supply this deficiency. As to
the remedy, the marketing OF the crops, the
movement oi'whtch will absorb money for o
while yet. will later on return, fuRds to New
York and to the banks generally. Meanwhile
tSe TreasarS WhieE Would be- apa to Be aug
mented by Increased stringeney. or from i'm
Il, promised blythe LOOK q forsiKn, exchanges.
the State Bank Of America, said: There is an
apparent lack Of money There e Just as much
the country has increased more rapidly thar
the currency circulanon. The Western bus.
ness is particularly large, and the starting OF
reserve, banks In the, West has withdrawn
come from the Treasury and that can only be
the Secretary Is proceeding. The point is. that
the people must not be forced to put money In
should reduce the tariff"
An officer OF the Third National Bank said
that there was only u moderate lack OF money
for business purposes. The increased de-
been supplied. THE difficulty is" the oficer
continued. that money In large sums has
Rona West for railroad building, real estate